Ethereum Reaches a new All-time High for Gas Usage

Transaction fees affecting different cryptocurrency ecosystems in unique ways. For Ethereum, its gas used – based on a 7d moving average – has reached a new all-time high. 

Every service or application built on top of Ethereum utilizes gas to operate.

Ethereum Gas Usage Rises Swiftly

Additionally, all regular users also pay transaction fees in gas.

As such, the more popular the network becomes, the higher the gas usage will be.  

Based on that sentiment, it is impressive to see a new all-time high being reached.

The previous peak dates back to late September 2019, after which a steep

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